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GMSD outlines lean FY27 budget, shifts insurance reserves and preserves staff pay steps
Summary
At a April 14 work session the Germantown Municipal School District presented a tighter FY26–27 general fund budget that absorbs textbook and retirement cost increases, moves $1.2M from reserves into employer contributions for clarity, budgets an additional $1.25M for health insurance, trims about 14.5 positions largely through attrition, and preserves a one‑step pay increase plus a 2% cost‑of‑living adjustment.
The Germantown Municipal School District on April 14 walked the board through a tighter FY26–27 general fund budget that faces enrollment declines, steeper textbook and retirement costs and rising health insurance expenses while protecting salary progress for employees.
Mister Manuel, presenting the budget overview, said the district now projects about 5,800 students, roughly 160 fewer than in recent years, and described the year as “challenging” for revenues. He told the board the district will account for $1,200,000 previously held in reserves by moving that amount into the employer‑contributions line so the spending appears in the general fund rather than off‑book reserve transfers. “Go ahead and put it into the employer contributions line,” Manuel said. “So that is one increase that you’re gonna see.”
Health insurance costs figure prominently: administration is budgeting the $1.2M moved from reserves plus an additional ~$1.25M up front, producing a…
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